The Cultural Assets Group announced the launch of a private, closed-end investment fund dedicated to cultural sectors in the Kingdom, with a total value of 850 million Saudi riyals, including 200 million riyals in financing from the Cultural Development Fund (CDF).
The announcement came during the Cultural Investment Conference 2025 taking place in Riyadh on September 29 and 30.
The fund will invest across diverse fields, including visual arts, fashion and cultural retail, digital content experience design, and interactive media and production, as well as emerging technologies.
The investment fund aims to contribute to the sustainable development of the creative cultural economy, support local companies in their global expansion, and localise intellectual property and advanced technologies by attracting and acquiring leading international companies.
By applying international standards of asset management and investment diversification, the investment fund seeks to enhance the attractiveness of the kingdom’s cultural sector and strengthen its contribution to the national economy.
This launch represents a significant step in expanding private investment and unlocking new economic opportunities within the cultural domain
%3Cp%3EThe%20Department%20of%20Culture%20and%20Tourism%20-%20Abu%20Dhabi%E2%80%99s%20Arabic%20Language%20Centre%20will%20mark%20International%20Women%E2%80%99s%20Day%20at%20the%20Bologna%20Children's%20Book%20Fair%20with%20the%20Abu%20Dhabi%20Translation%20Conference.%20Prolific%20Emirati%20author%20Noora%20Al%20Shammari%2C%20who%20has%20written%20eight%20books%20that%20%20feature%20in%20the%20Ministry%20of%20Education's%20curriculum%2C%20will%20appear%20in%20a%20session%20on%20Wednesday%20to%20discuss%20the%20challenges%20women%20face%20in%20getting%20their%20works%20translated.%3C%2Fp%3E%0A
Groom and Two Brides
Director: Elie Samaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
MATCH INFO
Uefa Champions League semi-finals, first leg
Liverpool v Roma
When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome
Company profile
Name: Thndr
Started: October 2020
Founders: Ahmad Hammouda and Seif Amr
Based: Cairo, Egypt
Sector: FinTech
Initial investment: pre-seed of $800,000
Funding stage: series A; $20 million
Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC, Rabacap and MSA Capital
